Waterstone Financial (WSBF)
NASDAQ:WSBF
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Waterstone Financial
(NASDAQ:WSBF)
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Rating:60Neutral
Price Target:
$19.00
â–²(11.63% Upside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by improving profitability but constrained by high leverage and especially highly volatile cash flow (largest risk). Technicals are mixed/neutral, while valuation (moderate P/E and solid dividend yield) and a sizable buyback authorization provide supporting positives.
Positive Factors
Profitability Recovery
Revenue has stabilized and modest growth with net margin improving to ~13.1% in 2025 shows the bank rebuilt core profitability after recent troughs. Sustained margins improve internal earnings capacity, supporting lending and fee reinvestment and reducing the need for one-time measures over the medium term.
Negative Factors
Cash Flow Volatility
Extreme swings in operating and free cash flow undermine the bank’s ability to consistently fund dividends, buybacks and loan growth from internal sources. This forces greater reliance on external funding or balance-sheet adjustments and raises execution risk when credit or liquidity conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
Revenue has stabilized and modest growth with net margin improving to ~13.1% in 2025 shows the bank rebuilt core profitability after recent troughs. Sustained margins improve internal earnings capacity, supporting lending and fee reinvestment and reducing the need for one-time measures over the medium term.
Read all positive factors
Waterstone Financial (WSBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$328.73M
Dividend Yield3.59%
Average Volume (3M)44.40K
Price to Earnings (P/E)13.1
Beta (1Y)0.57
Revenue Growth3.42%
EPS Growth63.88%
CountryUS
Employees600
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.34
Shares Outstanding18,161,734
10 Day Avg. Volume62,806
30 Day Avg. Volume44,399
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.84
Price to Sales (P/S)1.46
P/FCF Ratio16.53
Enterprise Value/Market Cap2.13
Enterprise Value/Revenue3.47
Enterprise Value/Gross Profit4.87
Enterprise Value/Ebitda20.92
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Waterstone Financial Business Overview & Revenue Model
Company Description
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage B...
How the Company Makes Money
Waterstone Financial primarily makes money through its banking subsidiary by earning net interest income and generating noninterest income. Net interest income is driven by interest and fees collected on loans (notably residential mortgage and oth...
Waterstone Financial Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 201.61M | 199.38M | 176.97M | 171.06M | 268.47M |
| Gross Profit | 143.63M | 132.55M | 127.32M | 156.80M | 258.09M |
| EBITDA | 33.45M | 26.48M | 14.33M | 28.51M | 98.16M |
| Net Income | 26.40M | 18.69M | 9.38M | 19.49M | 70.79M |
Balance Sheet | |||||
| Total Assets | 2.26B | 2.21B | 2.21B | 2.03B | 2.22B |
| Cash, Cash Equivalents and Short-Term Investments | 234.22M | 191.24M | 235.84M | 232.55M | 541.76M |
| Total Debt | 412.26M | 446.52M | 466.05M | 386.78M | 477.13M |
| Total Liabilities | 1.91B | 1.87B | 1.87B | 1.66B | 1.78B |
| Stockholders Equity | 349.39M | 339.13M | 344.06M | 370.49M | 432.77M |
Cash Flow | |||||
| Free Cash Flow | 17.86M | 46.96M | -28.28M | 205.96M | 141.23M |
| Operating Cash Flow | 19.02M | 48.06M | -27.58M | 206.66M | 142.01M |
| Investing Cash Flow | -3.58M | -23.96M | -159.22M | -335.74M | 160.06M |
| Financing Cash Flow | 15.91M | -20.76M | 176.58M | -201.00M | -20.12M |
Waterstone Financial Technical Analysis
Positive
17.02
Price Trends
17.90
Positive
17.28
Positive
15.78
Positive
Market Momentum
0.21
Negative
59.82
Neutral
43.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSBF, the sentiment is Positive. The current price of 17.02 is below the 20-day moving average (MA) of 18.23, below the 50-day MA of 17.90, and above the 200-day MA of 15.78, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 59.82 is Neutral, neither overbought nor oversold. The STOCH value of 43.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WSBF.
Waterstone Financial Risk Analysis
Waterstone Financial disclosed 45 risk factors in its most recent earnings report. Waterstone Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Waterstone Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $346.25M | 7.46 | 10.43% | 3.57% | 8.84% | 43.48% | |
75 Outperform | $294.78M | 7.07 | 11.89% | 3.38% | 3.42% | 38.40% | |
71 Outperform | $356.06M | 8.73 | 13.34% | 2.63% | 21.59% | -4.49% | |
70 Outperform | $325.60M | 8.65 | 13.08% | 5.24% | 5.29% | 28.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $305.99M | 9.26 | 10.88% | 3.17% | 6.31% | -1.13% | |
60 Neutral | $328.73M | 13.06 | 7.67% | 3.59% | 3.42% | 63.88% |
* Financial Sector Average
WSBF
Waterstone Financial
18.10
6.20
52.14%
FNLC
First Bancorp
28.89
5.57
23.87%
PLBC
Plumas Bancorp
51.05
8.41
19.71%
FSBW
FS Bancorp
40.79
2.25
5.83%
CZFS
Citizens Financial Services
61.32
6.69
12.25%
PCB
PCB Bancorp
24.33
5.13
26.70%
Waterstone Financial Corporate Events
Business Operations and StrategyStock Buyback
Waterstone Financial Expands Share Repurchase Authorization Program
Positive
Apr 27, 2026
On April 27, 2026, Waterstone Financial, Inc. announced that its board of directors had authorized the repurchase of up to an additional 2,000,000 shares of common stock under its existing buyback program. Following this decision, the company now ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.